VEON (NASDAQ:VEON) Sees Large Volume Increase

VEON Ltd. (NASDAQ:VEON) shares saw strong trading volume on Tuesday . 25,144 shares changed hands during mid-day trading, a decline of 17% from the previous session’s volume of 30,277 shares.The stock last traded at $26.42 and had previously closed at $29.00.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of VEON from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 5th.

VEON Price Performance

The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 4.45 and a beta of 1.56. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 2.66. The company has a 50 day moving average price of $27.06 and a 200 day moving average price of $25.73.

VEON (NASDAQ:VEON) last announced its quarterly earnings data on Friday, August 30th. The Wireless communications provider reported $1.00 EPS for the quarter. The firm had revenue of $1.03 billion during the quarter.

Institutional Trading of VEON

A number of institutional investors have recently bought and sold shares of VEON. National Bank of Canada FI bought a new position in shares of VEON in the 4th quarter worth $50,000. Gamco Investors INC. ET AL bought a new position in VEON during the first quarter worth about $376,000. Monaco Asset Management SAM increased its stake in shares of VEON by 8.5% in the 1st quarter. Monaco Asset Management SAM now owns 25,830 shares of the Wireless communications provider’s stock valued at $620,000 after acquiring an additional 2,030 shares during the last quarter. Gabelli Funds LLC raised its position in shares of VEON by 10.1% in the 4th quarter. Gabelli Funds LLC now owns 109,040 shares of the Wireless communications provider’s stock valued at $2,148,000 after acquiring an additional 10,000 shares during the period. Finally, Wellington Management Group LLP raised its position in shares of VEON by 8.9% in the 4th quarter. Wellington Management Group LLP now owns 540,347 shares of the Wireless communications provider’s stock valued at $10,645,000 after acquiring an additional 44,013 shares during the period. Institutional investors and hedge funds own 21.30% of the company’s stock.

About VEON

VEON Ltd., a digital operator, provides connectivity and internet services in Pakistan, Ukraine, Kazakhstan, Bangladesh, Uzbekistan, and Kyrgyzstan. It offers mobile telecommunications services, including value added and call completion, national and international roaming, wireless Internet access, mobile financial, and mobile bundle services; data connectivity, cross border transit, voice, Internet, and data services; fixed-line telecommunications using intercity fiber optic networks; and Internet-TV using Fiber to the building technology.